2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis
OSL:2020 - Euronext Oslo - BMG9156K1018 - Common Stock - Currency: NOK
We assign a fundamental rating of 6 out of 10 to 2020. 2020 was compared to 19 industry peers in the Marine Transportation industry. Both the health and profitability get an excellent rating, making 2020 a very profitable company, without any liquidiy or solvency issues. 2020 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
2020 had positive earnings in the past year.
2020 had a positive operating cash flow in the past year.
2020 had positive earnings in each of the past 5 years.
In the past 5 years 2020 always reported a positive cash flow from operatings.
1.2 Ratios
2020 has a Return On Assets of 17.83%. This is amongst the best in the industry. 2020 outperforms 84.21% of its industry peers.
Looking at the Return On Equity, with a value of 32.00%, 2020 is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
The Return On Invested Capital of 2020 (15.97%) is better than 84.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for 2020 is above the industry average of 10.17%.
The 3 year average ROIC (13.93%) for 2020 is below the current ROIC(15.97%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.83% | ||
| ROE | 32% | ||
| ROIC | 15.97% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
1.3 Margins
The Profit Margin of 2020 (57.76%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of 2020 has grown nicely.
2020's Operating Margin of 64.98% is amongst the best of the industry. 2020 outperforms 100.00% of its industry peers.
2020's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 81.83%, 2020 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
2020's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 64.98% | ||
| PM (TTM) | 57.76% | ||
| GM | 81.83% |
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 2020 is creating value.
2020 has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, 2020 has more shares outstanding
The debt/assets ratio for 2020 has been reduced compared to a year ago.
2.2 Solvency
2020 has an Altman-Z score of 2.99. This indicates that 2020 is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 2.99, 2020 belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
2020 has a debt to FCF ratio of 3.18. This is a good value and a sign of high solvency as 2020 would need 3.18 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.18, 2020 is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
A Debt/Equity ratio of 0.74 indicates that 2020 is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.74, 2020 is not doing good in the industry: 63.16% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.18 | ||
| Altman-Z | 2.99 |
ROIC/WACC2.17
WACC7.35%
2.3 Liquidity
2020 has a Current Ratio of 2.45. This indicates that 2020 is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.45, 2020 belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
2020 has a Quick Ratio of 2.45. This indicates that 2020 is financially healthy and has no problem in meeting its short term obligations.
2020 has a better Quick ratio (2.45) than 89.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.45 | ||
| Quick Ratio | 2.45 |
3. Growth
3.1 Past
The earnings per share for 2020 have decreased strongly by -10.26% in the last year.
2020 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.97% yearly.
Looking at the last year, 2020 shows a very negative growth in Revenue. The Revenue has decreased by -17.64% in the last year.
Measured over the past years, 2020 shows a very strong growth in Revenue. The Revenue has been growing by 65.82% on average per year.
EPS 1Y (TTM)-10.26%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-99.2%
Revenue 1Y (TTM)-17.64%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-78.27%
3.2 Future
The Earnings Per Share is expected to decrease by -3.36% on average over the next years.
The Revenue is expected to grow by 10.83% on average over the next years. This is quite good.
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue Next Year-16.1%
Revenue Next 2Y2.47%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.66, the valuation of 2020 can be described as very cheap.
63.16% of the companies in the same industry are cheaper than 2020, based on the Price/Earnings ratio.
2020 is valuated cheaply when we compare the Price/Earnings ratio to 26.25, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 5.70, the valuation of 2020 can be described as very cheap.
Compared to the rest of the industry, the Price/Forward Earnings ratio of 2020 is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, 2020 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.66 | ||
| Fwd PE | 5.7 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as 2020.
The rest of the industry has a similar Price/Free Cash Flow ratio as 2020.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.83 | ||
| EV/EBITDA | 5.79 |
4.3 Compensation for Growth
2020 has an outstanding profitability rating, which may justify a higher PE ratio.
2020's earnings are expected to decrease with -3.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
5. Dividend
5.1 Amount
No dividends for 2020!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
OSL:2020 (5/30/2025, 7:00:00 PM)
120.9
+2.8 (+2.37%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners26.84%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap2.76B
Analysts81.67
Price Target160.14 (32.46%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend38.27
Dividend Growth(5Y)N/A
DP155.42%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-68.83%
Min EPS beat(2)-91.09%
Max EPS beat(2)-46.57%
EPS beat(4)2
Avg EPS beat(4)-26.41%
Min EPS beat(4)-91.09%
Max EPS beat(4)30.29%
EPS beat(8)5
Avg EPS beat(8)0.42%
EPS beat(12)5
Avg EPS beat(12)-2.12%
EPS beat(16)7
Avg EPS beat(16)-2.59%
Revenue beat(2)0
Avg Revenue beat(2)-19.36%
Min Revenue beat(2)-21.48%
Max Revenue beat(2)-17.25%
Revenue beat(4)1
Avg Revenue beat(4)17.29%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)108.02%
Revenue beat(8)3
Avg Revenue beat(8)22.79%
Revenue beat(12)5
Avg Revenue beat(12)15.48%
Revenue beat(16)7
Avg Revenue beat(16)12.16%
PT rev (1m)-2.28%
PT rev (3m)-5.58%
EPS NQ rev (1m)-18.98%
EPS NQ rev (3m)-28.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-19.24%
Revenue NQ rev (1m)-7.81%
Revenue NQ rev (3m)-10.18%
Revenue NY rev (1m)-1.12%
Revenue NY rev (3m)-10.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.66 | ||
| Fwd PE | 5.7 | ||
| P/S | 3.27 | ||
| P/FCF | 7.83 | ||
| P/OCF | 7.83 | ||
| P/B | 1.81 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 5.79 |
EPS(TTM)21.37
EY17.68%
EPS(NY)21.19
Fwd EY17.53%
FCF(TTM)15.44
FCFY12.77%
OCF(TTM)15.44
OCFY12.77%
SpS36.98
BVpS66.76
TBVpS66.76
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.83% | ||
| ROE | 32% | ||
| ROCE | 20.74% | ||
| ROIC | 15.97% | ||
| ROICexc | 17.07% | ||
| ROICexgc | 17.07% | ||
| OM | 64.98% | ||
| PM (TTM) | 57.76% | ||
| GM | 81.83% | ||
| FCFM | 41.76% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexcg growth 3Y13.49%
ROICexcg growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score6
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.18 | ||
| Debt/EBITDA | 1.75 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 6.59 | ||
| Cash Conversion | 54.99% | ||
| Profit Quality | 72.29% | ||
| Current Ratio | 2.45 | ||
| Quick Ratio | 2.45 | ||
| Altman-Z | 2.99 |
F-Score6
WACC7.35%
ROIC/WACC2.17
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-10.26%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-99.2%
EPS Next Y-60.82%
EPS Next 2Y-21.04%
EPS Next 3Y-3.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.64%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-78.27%
Revenue Next Year-16.1%
Revenue Next 2Y2.47%
Revenue Next 3Y10.83%
Revenue Next 5YN/A
EBIT growth 1Y-18.06%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-44.4%
EBIT Next 3Y2.09%
EBIT Next 5YN/A
FCF growth 1Y-8.92%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y-8.92%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%